Despite a strong global equity rally and a still low-yield environment, fixed income flows have continued to dominate at private banks in Asia. However, Ernest Chan, Morgan Stanley’s Asia head of investment management services for the bank’s private wealth management arm, urges investors to reconsider their strategy in 2018 should they continue to opt for leveraged bonds. Stable macro growth…
Does it make sense to use 50% of yield to pay for leverage? Morgan Stanley thinks not
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